The iEdge S-Reit Index gained 6.7% in August, adding to July's 5.5% increase, marking a 12.6% total return for the first two months of H2 2024 and reversing H1's 11.4% decline, The Business Times reported Sunday.
Driven by anticipated Federal Reserve rate cuts, August saw net institutional inflows exceed SG$90 million. Keppel Pacific Oak US Reit (SGX:CMOU) and Manulife US Reit (SGX:BTOU) led with returns of 26.9% and 19.3%, respectively.
Frasers Logistics & Commercial Trust (SGX:BUOU) reported a 25.1% rise in rental reversions and a 95% occupancy rate, while Cromwell European Reit (SGX:CWBU) posted a 2.3% increase in net property income (NPI) with a 93.6% occupancy rate.
Daiwa House Logistics Trust (SGX:DHLU) saw an 8.2% decline in NPI in SGD terms but expanded its portfolio with new properties.
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